The founder of a British software company Hewlett-Packard bought in 2011 says accusations that his company fraudulently misrepresented itself during the deal are completely without merit, and he plans to vigorously defend the company against U.S. federal investigators.

As soon as the dust began to settle after yesterday’s news that Hewlett-Packard Co. (HP) was going to take an $8.8 billion hit thanks to misrepresentations by a software company it purchased last year, the finger-pointing began.

Hewlett-Packard Co. (HP) announced it will be taking an $8.8 billion charge as a result of fraudulent activity and misrepresentations made by Autonomy, a software company HP acquired last year for $11.1 billion.